Anyway, They are producing a bit from Oriva site but the flow rates are pretty low...35000 Mcf a QUARTER from 5 wells and pretty low profit margins
howver this is related to the way they expense previously capitalised costs once production starts for each projet (according to the reply to share price query this year :http://stocknessmonster.com/news-item?S=PGS&E=ASX&N=400639)
av: but who is to say they have got the scraps left over by the local players - you could apply the same argument to kbo/epg but you would have missed a great move
PGS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held